Proofpoint (NASDAQ:PFPT) posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08, Bloomberg Earnings reports. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share.
Proofpoint (NASDAQ:PFPT) traded up $2.48 during mid-day trading on Wednesday, reaching $99.35. 564,500 shares of the company were exchanged, compared to its average volume of 547,875. Proofpoint has a 12 month low of $70.30 and a 12 month high of $104.62. The company has a market capitalization of $4,874.98, a P/E ratio of -52.02 and a beta of 1.39. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total value of $789,986.82. Following the sale, the executive vice president now owns 23,376 shares in the company, valued at $2,256,719.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $93.91, for a total transaction of $469,550.00. Following the completion of the sale, the chairman now owns 33,001 shares in the company, valued at approximately $3,099,123.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,549 shares of company stock valued at $14,186,056. 5.96% of the stock is owned by insiders.
PFPT has been the subject of several recent analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $114.00 price objective on shares of Proofpoint in a research note on Tuesday, January 30th. Robert W. Baird reaffirmed a “hold” rating and set a $100.00 price objective on shares of Proofpoint in a research note on Tuesday, November 7th. BidaskClub raised shares of Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 price objective on shares of Proofpoint in a research note on Friday, November 24th. Finally, Imperial Capital upped their price objective on shares of Proofpoint from $102.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $107.63.
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Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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